Veritas Farms Inc Quick Ratio (ARUU) starting from the third quarter 2023 to third quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Veritas Farms Inc   (ARUU)

Veritas Farms Inc 's Quick Ratio

ARUU's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the third quarter 2023, Quick Ratio fell to 0.01 below Veritas Farms Inc average.

Within Agricultural Production industry 40 other companies have achieved higher Quick Ratio than Veritas Farms Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 3155 to 5040.

Explain Quick Ratio?
How much Cash & cash equivalents ARUU´s has?
What are ARUU´s Current Liabilities?




ARUU Quick Ratio (Sep 30 2023)
Q3
(Jun 30 2023)
Q2
(Mar 31 2023)
Q1
(Dec 31 2022)
Q4
(Sep 30 2022)
Q3
Y / Y Current Liabilities Change 56.07 % 44.06 % 48.16 % 43.38 % 33.17 %
Y / Y Cash & cash equivalent Change -52.88 % -27.05 % -2.51 % -88.53 % -48.51 %
Quick Ratio MRQ 0.01 0.03 0.1 0.02 0.04
ARUU's Total Ranking # 5040 # 3155 # 2809 # 3221 # 3092
Seq. Current Liabilities Change 18.2 % 8.64 % 9.83 % 10.65 % 9.11 %
Seq. Cash & cash equivalent Change -50.98 % -67.06 % 558.56 % -55.69 % -24.11 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Agricultural Production Industry # 41
Consumer Non Cyclical Sector # 184
Overall Market # 5040


Quick Ratio Statistics
High Average Low
7.38 0.68 0
(Jul 31 2017)   (Jun 30 2018)




Financial Statements
Veritas Farms Inc 's Current Liabilities $ 4 Millions Visit ARUU's Balance sheet
Veritas Farms Inc 's Cash & cash equivalent $ 0 Millions Visit ARUU's Balance sheet
Source of ARUU's Sales Visit ARUU's Sales by Geography


Cumulative Veritas Farms Inc 's Quick Ratio

ARUU's Quick Ratio for the trailling 12 Months

ARUU Quick Ratio

(Sep 30 2023)
12 Months
(Jun 30 2023)
12 Months
(Mar 31 2023)
12 Months
(Dec 31 2022)
12 Months
(Sep 30 2022)
12 Months
Y / Y Current Liabilities TTM Growth 48.29 % 42.42 % 27.49 % -4.72 % -23.27 %
Y / Y Cash & cash equivalent TTM Growth -47.74 % -47.38 % -54.75 % -44.1 % 25.74 %
Quick Ratio TTM 0.04 0.05 0.06 0.07 0.11
Total Ranking TTM # 4483 # 4074 # 3165 # 4054 # 4065
Seq. Current Liabilities TTM Growth 12.08 % 9.53 % 10.28 % 9.54 % 7.64 %
Seq. Cash & cash equivalent TTM Growth -9.93 % -6.28 % -1.3 % -37.27 % -9.32 %


On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2023 to $4.47 millions, cumulative Quick Ratio decreased to 0.04 below the Veritas Farms Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Agricultural Production industry 45 other companies have achieved higher Quick Ratio than Veritas Farms Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 4074 to 4483.

Explain Quick Ratio?
How much Cash & cash equivalents ARUU´s has?
What are ARUU´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Agricultural Production Industry # 46
Consumer Non Cyclical Sector # 209
Within the Market # 4483


trailing twelve months Quick Ratio Statistics
High Average Low
1.45 0.29 0.02
(Sep 30 2019)   (Jun 30 2018)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Agricultural Production Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Calavo Growers Inc  0.03 $ 2.091  Millions$ 67.138  Millions
Shineco Inc   0.02 $ 0.875  Millions$ 35.103  Millions
S and w Seed Co  0.01 $ 0.987  Millions$ 73.430  Millions
Veritas Farms Inc   0.01 $ 0.059  Millions$ 4.468  Millions
Naturalshrimp Incorporated  0.01 $ 0.068  Millions$ 10.594  Millions
Rythm Inc 0.00 $ 0.158  Millions$ 41.372  Millions

Date modified: 2026-09-12T06:22:35+00:00



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